Live Fish Price in Japan - 2023
Contents:
- Live Fish Price in Japan (CIF) - 2023
- Live Fish Price in Japan (FOB) - 2023
- Live Fish Imports in Japan
- Live Fish Exports in Japan
Live Fish Price in Japan (CIF) - 2023
In July 2023, the average live fish import price amounted to $22,206 per ton, rising by 7% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2023 an increase of 91% month-to-month. As a result, import price attained the peak level of $113K per ton. From March 2023 to July 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Taiwan (Chinese) ($24,195 per ton), while the price for South Korea ($12,317 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-0.3%), while the prices for the other major suppliers experienced a decline.
Live Fish Price in Japan (FOB) - 2023
The average live fish export price stood at $8,877 per ton in July 2023, dropping by -56% against the previous month. In general, the export price saw a mild setback. The pace of growth appeared the most rapid in November 2022 when the average export price increased by 54% m-o-m. The export price peaked at $21,260 per ton in April 2023; however, from May 2023 to July 2023, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for South Korea.
From July 2022 to July 2023, the rate of growth in terms of prices for South Korea amounted to +0.3% per month.
Live Fish Imports in Japan
In 2022, live fish imports into Japan declined slightly to 15K tons, waning by -2.2% on 2021 figures. The total import volume increased at an average annual rate of +2.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 33% against the previous year. As a result, imports reached the peak of 15K tons, and then declined slightly in the following year.
In value terms, live fish imports surged to $427M in 2022. Over the period under review, imports recorded a abrupt decrease.
| Import of Live Fish in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 219 | 169 | 160 | 204 | -2.3% |
| Hong Kong SAR | 216 | 56.3 | 43.1 | 124 | -16.9% |
| Taiwan (Chinese) | 59.2 | 32.4 | 28.7 | 43.5 | -9.8% |
| South Korea | 42.9 | 33.3 | 35.7 | 38.2 | -3.8% |
| Others | 14.9 | 21.3 | 19.7 | 18.1 | 6.7% |
| Total | 552 | 312 | 288 | 427 | -8.2% |
Top Suppliers of Live Fish to Japan in 2022:
- China (9.0K tons)
- South Korea (3.2K tons)
- Taiwan (Chinese) (1.6K tons)
- Hong Kong SAR (0.7K tons)
Live Fish Exports in Japan
In 2022, after three years of growth, there was decline in overseas shipments of live fish, when their volume decreased by -1.2% to 9.4K tons. Over the period under review, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +17.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +61.2% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 55%. As a result, the exports attained the peak of 9.5K tons, and then reduced in the following year.
In value terms, live fish exports reached $138M in 2022. Overall, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +12.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +42.9% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 28%. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the near future.
| Export of Live Fish in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 47.6 | 47.5 | 72.6 | 78.0 | 17.9% |
| China | 4.1 | 6.4 | 8.8 | 10.6 | 37.2% |
| Others | 44.6 | 51.0 | 52.7 | 48.9 | 3.1% |
| Total | 96.3 | 105 | 134 | 138 | 12.7% |
Top Export Markets for Live Fish from Japan in 2022:
- South Korea (9.0K tons)
- China (0.2K tons)
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